A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.
A United States federal judge has criticized the Federal Deposit Insurance Corporation (FDIC) for its redactions of crypto “pause” letters to banks in a Coinbase-backed Freedom of Information Act (FOIA) suit.
“The Court is concerned with what appears to be FDICs lack of good-faith effort in making nuanced redactions,” Washington, DC, district court judge Ana Reyes wrote in a Dec. 12 text order.
Judge Reyes ordered the FDIC to “make more thoughtful redactions” and re-file letters by Jan. 3, adding the FDIC “should be prepared to defend each new redaction.”
